Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.
Sold for $310,000
$310,000
1024 Ocean Dr #A202, Miami Beach, FL 33139
0beds
516sqft
Condominium
Built in 1964
-- sqft lot
$300,100 Zestimate®
$601/sqft
$2,026 Estimated rent
Home value
$300,100
$261,000 - $345,000
$2,026/mo
Zestimate® history
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$3,883/mo
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List your homeWhat's special
Renovated studioNew ac unitRooftop poolNew flooring
Zillow last checked:
Listing updated:
Listed by:
Irina Dyagleva 305-812-5085,
Vera Realty LLC
Bought with:
Anna Myakshina, 3328821
Keller Williams Realty Miami Beach
Source: MIAMI,MLS#: A11824939
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Electric Range, Refrigerator
Features
- Other
- Furnished: Yes
Interior area
- Total structure area: 516
- Total interior livable area: 516 sqft
Property
Parking
- Parking features: None
Features
- Exterior features: Other, Balcony
- Pool features: Association
- Has view: Yes
- View description: Other
Details
- Parcel number: 0242033020050
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Other
Condition
- Year built: 1964
Community & HOA
Community
- Security: Fire Alarm, Smoke Detector, Card Entry
- Application fee: $0
- Subdivision: The Strand On Ocean Drive
HOA
- Has HOA: Yes
- Amenities included: Bar, Cabana, Elevator(s), Pool
- HOA fee: $1,730 monthly
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $601/sqft
- Annual tax amount: $5,381
- Date on market: 6/18/2025
- Listing terms: All Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2025 | Pending sale | $315,000+1.6%$610/sqft |
Source:  MIAMI #A11824939 Report a problem | ||
| 9/12/2025 | Sold | $310,000-1.6%$601/sqft |
Source: MIAMI #A11824939 Report a problem | ||
| 6/18/2025 | Listed for sale | $315,000+21.2%$610/sqft |
Source: MIAMI #A11824939 Report a problem | ||
| 9/19/2016 | Sold | $260,000-8.7%$504/sqft |
Source: Public Record Report a problem | ||
| 5/6/2016 | Price change | $284,900-5%$552/sqft |
Source: Miami Lakes Welcome Center #A2141879 Report a problem | ||
| 7/8/2015 | Listed for sale | $299,900-18.9%$581/sqft |
Source: Miami Lakes Welcome Center #A2141879 Report a problem | ||
| 12/8/2014 | Listing removed | $369,900$717/sqft |
Source: Swire Realty LLC #A1974455 Report a problem | ||
| 11/23/2014 | Price change | $369,900-7.3%$717/sqft |
Source: Swire Realty LLC #A1974455 Report a problem | ||
| 7/11/2014 | Listed for sale | $399,000+5%$773/sqft |
Source: Swire Realty LLC #A1974455 Report a problem | ||
| 10/3/2005 | Sold | $380,000$736/sqft |
Source: Public Record Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Flamingo Lummus
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Nearby schools
GreatSchools rating
- 5/10Fienberg/Fisher K-8 CenterGrades: PK-8Distance: 0.4 mi
- 5/10Miami Beach Senior High SchoolGrades: 9-12Distance: 1.3 mi
- 5/10Nautilus Middle SchoolGrades: 6-8Distance: 2.4 mi
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Estimated market value
$300,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$300,100
- Florida
- Miami-Dade County
- Miami Beach
- 33139
- Flamingo Lummus
- 1024 Ocean Dr Unit A202
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